U.S. stocks in free fall

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lostdog
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Re: U.S. stocks in free fall

Post by lostdog »

You can pay attention to markets as a hobby. Develop a habit of not getting emotionally attached to your portfolio.

Emotion is a portfolio killer. Think of what Spock would do.

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LadyGeek
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Re: U.S. stocks in free fall

Post by LadyGeek »

saintsfan342000 wrote: Sat Nov 27, 2021 3:10 pm
Robot Monster wrote: Fri Nov 26, 2021 5:42 pm During the Covid freakout last year, I was one of those who didn't stay the course. I learned my lesson. Not going to do anything but mechanically and stoically maintain my allocation weights when they get thrown too off kilter. That is all.
Would you be willing to share a few more details about what you did last year? What, why, if/how you re-entered the market, changed your AA, etc. I'm trying to compile all the posts from people who pulled out, changed AA, etc. due to the coronus crash.
Feel free to use PM or start a new thread. Let's keep this thread focused on the US stock market (declining).
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Triple digit golfer
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Re: U.S. stocks in free fall

Post by Triple digit golfer »

Robot Monster wrote: Sat Nov 27, 2021 2:14 pm
Triple digit golfer wrote: Sat Nov 27, 2021 2:09 pm
Robot Monster wrote: Sat Nov 27, 2021 2:06 pm
SuperTrooper87 wrote: Sat Nov 27, 2021 1:53 pm Tune out the noise and do something else. Not worth the stress. Consider adjusting the AA if it feels too risky for your situation.
Okay, thank you, I will. This will, sadly, include taking a bit of a vacation from this forum, but yeah, time for a mental health break.
Nathan Drake wrote: Sat Nov 27, 2021 2:01 pm Unless you are pulling out all of your net worth tomorrow, the drop in prices is short term noise and not actionable

You built up your portfolio over decades, you will deplete it over decades. And a lot of noise happens in between.
Well said. Thanks.
Markers go up and down. This is all normal stuff. Yep, tune it out! Let it so its thing. The downs are part of the long term upward trend.
Thanks, I updated my sig. :happy
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Robot Monster
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Re: U.S. stocks in free fall

Post by Robot Monster »

saintsfan342000 wrote: Sat Nov 27, 2021 3:10 pm
Robot Monster wrote: Fri Nov 26, 2021 5:42 pm During the Covid freakout last year, I was one of those who didn't stay the course. I learned my lesson. Not going to do anything but mechanically and stoically maintain my allocation weights when they get thrown too off kilter. That is all.
Would you be willing to share a few more details about what you did last year? What, why, if/how you re-entered the market, changed your AA, etc. I'm trying to compile all the posts from people who pulled out, changed AA, etc. due to the coronus crash.
I went from 10% stocks to 6% during what was feared to be a dead cat bounce, link, selling in April and May 2020. I began to re-enter the market in July, and have been gradually increasing my stock allocation to its current 25%. (In this same period, I increased my TIPS allocation from 8% to 50%.)
SuperTrooper87
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Re: U.S. stocks in free fall

Post by SuperTrooper87 »

Robot Monster wrote: Sat Nov 27, 2021 3:45 pm
saintsfan342000 wrote: Sat Nov 27, 2021 3:10 pm
Robot Monster wrote: Fri Nov 26, 2021 5:42 pm During the Covid freakout last year, I was one of those who didn't stay the course. I learned my lesson. Not going to do anything but mechanically and stoically maintain my allocation weights when they get thrown too off kilter. That is all.
Would you be willing to share a few more details about what you did last year? What, why, if/how you re-entered the market, changed your AA, etc. I'm trying to compile all the posts from people who pulled out, changed AA, etc. due to the coronus crash.
I went from 10% stocks to 6% during what was feared to be a dead cat bounce, link, selling in April and May 2020. I began to re-enter the market in July, and have been gradually increasing my stock allocation to its current 25%. (In this same period, I increased my TIPS allocation from 8% to 50%.)
That seems like a relatively conservative AA, obviously knowing what the various %'s are invested in gives a bigger picture. The numbers go up, the numbers go down - are you worried about not having enough $$ or is it just the roller coaster swings that get to you? a 2-4% dip on 25% of your portfolio should barely be noticeable...
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Bluce
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Re: U.S. stocks in free fall

Post by Bluce »

For less stress, only check your PF value once a month, or maybe once per quarter. Ignore the daily trash if it bothers you. I have NEVER watched any financial porn TV shows and have no plans to.

Imagine if your house had the liquidity that stocks do. Would you check it every day and freak out and want to sell it if it went way down? Not knowing = not caring. Assets are assets and owning them is more important than what they might be worth at any particular point in history -- especially during a downturn.

I do follow the markets every day, but never buy or sell anything based on that. During Biggy Bears, I don't check my PF for months or even a year+, as I did during the '08 bear. During the 2020 meltdown I didn't check it for 2-3 months. Since 2006 I've only had 3 down years.

But being old, I'm only 29% in stocks now so that's even less stress.
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TheDDC
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Re: U.S. stocks in free fall

Post by TheDDC »

I am on Jim Cramer’s investing club list. I don’t care about his stocks picks, but I do enjoy reading his optimism as a permabear like myself. It helps give some perspective during the down days/weeks.

-TheDDC
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Ed 2
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Re: U.S. stocks in free fall

Post by Ed 2 »

TheDDC wrote: Sat Nov 27, 2021 4:31 pm I am on Jim Cramer’s investing club list. I don’t care about his stocks picks, but I do enjoy reading his optimism as a permabear like myself. It helps give some perspective during the down days/weeks.

-TheDDC
Same here. I like to listen to him during downturns. Most of his advice useless when it comes to individual stock picks , but I like his optimism. If anyone of you know me personally you would think I am a pessimist and I am not shy to predict things go down and bad soon, but I do invest quite differently. I put all disposable cash into equity as soon as can , no matter market up or down. Market plunged yesterday, but I got paid extra 3K that I don’t need , so I bought ITOT and IXUS 50/50 and I don’t care market continue to go down on Monday or recover. I am building taxable account for the next 10-15 years when I eventually start withdrawing if I will need.
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Robot Monster
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Re: U.S. stocks in free fall

Post by Robot Monster »

SuperTrooper87 wrote: Sat Nov 27, 2021 3:59 pm
Robot Monster wrote: Sat Nov 27, 2021 3:45 pm
saintsfan342000 wrote: Sat Nov 27, 2021 3:10 pm
Robot Monster wrote: Fri Nov 26, 2021 5:42 pm During the Covid freakout last year, I was one of those who didn't stay the course. I learned my lesson. Not going to do anything but mechanically and stoically maintain my allocation weights when they get thrown too off kilter. That is all.
Would you be willing to share a few more details about what you did last year? What, why, if/how you re-entered the market, changed your AA, etc. I'm trying to compile all the posts from people who pulled out, changed AA, etc. due to the coronus crash.
I went from 10% stocks to 6% during what was feared to be a dead cat bounce, link, selling in April and May 2020. I began to re-enter the market in July, and have been gradually increasing my stock allocation to its current 25%. (In this same period, I increased my TIPS allocation from 8% to 50%.)
That seems like a relatively conservative AA, obviously knowing what the various %'s are invested in gives a bigger picture. The numbers go up, the numbers go down - are you worried about not having enough $$ or is it just the roller coaster swings that get to you? a 2-4% dip on 25% of your portfolio should barely be noticeable...
The roller coaster gets to me. It's a combination of large portfolio, small risk tolerance.
Robot Monster
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Re: U.S. stocks in free fall

Post by Robot Monster »

Bluce wrote: Sat Nov 27, 2021 4:02 pm For less stress, only check your PF value once a month, or maybe once per quarter. Ignore the daily trash if it bothers you. I have NEVER watched any financial porn TV shows and have no plans to.
I will try for once a week and see how that goes, starting tomorrow. Thanks.
Collectingnuts
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Re: U.S. stocks in free fall

Post by Collectingnuts »

I've never pulled out of the market but I do occasionally go all in using my cash reserves to buy equities after a correction. I hear we are overdue. I guess I'll know it when I see it. Still waiting.... :?:
SuperTrooper87
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Re: U.S. stocks in free fall

Post by SuperTrooper87 »

Robot Monster wrote: Sat Nov 27, 2021 5:41 pm
SuperTrooper87 wrote: Sat Nov 27, 2021 3:59 pm
Robot Monster wrote: Sat Nov 27, 2021 3:45 pm
saintsfan342000 wrote: Sat Nov 27, 2021 3:10 pm
Robot Monster wrote: Fri Nov 26, 2021 5:42 pm During the Covid freakout last year, I was one of those who didn't stay the course. I learned my lesson. Not going to do anything but mechanically and stoically maintain my allocation weights when they get thrown too off kilter. That is all.
Would you be willing to share a few more details about what you did last year? What, why, if/how you re-entered the market, changed your AA, etc. I'm trying to compile all the posts from people who pulled out, changed AA, etc. due to the coronus crash.
I went from 10% stocks to 6% during what was feared to be a dead cat bounce, link, selling in April and May 2020. I began to re-enter the market in July, and have been gradually increasing my stock allocation to its current 25%. (In this same period, I increased my TIPS allocation from 8% to 50%.)
That seems like a relatively conservative AA, obviously knowing what the various %'s are invested in gives a bigger picture. The numbers go up, the numbers go down - are you worried about not having enough $$ or is it just the roller coaster swings that get to you? a 2-4% dip on 25% of your portfolio should barely be noticeable...
The roller coaster gets to me. It's a combination of large portfolio, small risk tolerance.
You should start a new thread. Post your portfolio and fears / feelings / goals and get some honest feedback. Might help calm the nerves or guide you towards a better approach.
stocknoob4111
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Re: U.S. stocks in free fall

Post by stocknoob4111 »

Martzee wrote: Sat Nov 27, 2021 2:19 pm
000 wrote: Fri Nov 26, 2021 5:12 pm Predictions for Monday? :twisted:
More selling. What else would you expect when the world is ending?
I predict heavy selling simply because there are many who will want to take their profits and exit the market at this juncture simply because we've gone so high, but who knows... maybe we will have a rally, I would be surprised but this market has surprised time and again.
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Re: U.S. stocks in free fall

Post by rockstar »

stocknoob4111 wrote: Sat Nov 27, 2021 7:06 pm
Martzee wrote: Sat Nov 27, 2021 2:19 pm
000 wrote: Fri Nov 26, 2021 5:12 pm Predictions for Monday? :twisted:
More selling. What else would you expect when the world is ending?
I predict heavy selling simply because there are many who will want to take their profits and exit the market at this juncture simply because we've gone so high, but who knows... maybe we will have a rally, I would be surprised but this market has surprised time and again.
Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar. I'm going to keep myself distracted by watching a lot of TV and movies.

I might sell off my TQQQ position. I had a good run so far this year.

The rest will stay the course unless I get to close to my 200 or 300 day guardrails.
000
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Re: U.S. stocks in free fall

Post by 000 »

Martzee wrote: Sat Nov 27, 2021 2:19 pm
000 wrote: Fri Nov 26, 2021 5:12 pm Predictions for Monday? :twisted:
More selling. What else would you expect when the world is ending?
Well based on the last 18 months..... panic buying? :P
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Re: U.S. stocks in free fall

Post by stocknoob4111 »

rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
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Re: U.S. stocks in free fall

Post by JnyVuko »

stocknoob4111 wrote: Sat Nov 27, 2021 7:06 pm
Martzee wrote: Sat Nov 27, 2021 2:19 pm
000 wrote: Fri Nov 26, 2021 5:12 pm Predictions for Monday? :twisted:
More selling. What else would you expect when the world is ending?
I predict heavy selling simply because there are many who will want to take their profits and exit the market at this juncture simply because we've gone so high, but who knows... maybe we will have a rally, I would be surprised but this market has surprised time and again.

I don't know anything.
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Re: U.S. stocks in free fall

Post by Marseille07 »

stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
Wth...I thought everyone predicted some record-smashing sales. Whoa...
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peskypesky
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Re: U.S. stocks in free fall

Post by peskypesky »

stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
I was looking to buy things. Didn't see any real deals. Prices on the items I was interested in were no different than before Black Friday. They just tried to make it look like a sale by raising the MSRP.
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Re: U.S. stocks in free fall

Post by 000 »

Marseille07 wrote: Sat Nov 27, 2021 7:53 pm
stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
Wth...I thought everyone predicted some record-smashing sales. Whoa...
Brace for collapse. :shock:

Especially if stonks were already priced for "some record-smashing sales". :twisted:
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Re: U.S. stocks in free fall

Post by dukeblue219 »

Marseille07 wrote: Sat Nov 27, 2021 7:53 pm
stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
Wth...I thought everyone predicted some record-smashing sales. Whoa...
Let's be very clear. Down 28% from 2019, but up 47% from last year.

Nobody I saw predicted a record breaking day, especially since Black Friday is now spread across several weeks anyway.
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Re: U.S. stocks in free fall

Post by Triple digit golfer »

dukeblue219 wrote: Sat Nov 27, 2021 8:05 pm
Marseille07 wrote: Sat Nov 27, 2021 7:53 pm
stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
Wth...I thought everyone predicted some record-smashing sales. Whoa...
Let's be very clear. Down 28% from 2019, but up 47% from last year.

Nobody I saw predicted a record breaking day, especially since Black Friday is now spread across several weeks anyway.
Agreed. The sales and all the hoopla seems to be more spread out. Anecdotally, I know a few people who used to be regular Black Friday shoppers who now aren't. I believe they still buy just as much unnecessary crap, just more spread out.
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Re: U.S. stocks in free fall

Post by HomerJ »

Marseille07 wrote: Sat Nov 27, 2021 7:53 pm
stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
Wth...I thought everyone predicted some record-smashing sales. Whoa...
That was in stores. Like physically being there... online sales were larger and more spread out. "Black Friday" deals are Wednesday through Sunday these days.

Oh, and then "Cyber-Monday" which I don't think is really a thing anymore, since it's ALL "Cyber-Monday" nowadays.

Anyway, my wife bought plenty online, and heck, even Steam got some dollars from me (some of my wishlist video games dropped to like $5 a game from $29.99 or $17 from $49.99)
"The best tools available to us are shovels, not scalpels. Don't get carried away." - vanBogle59
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Re: U.S. stocks in free fall

Post by 000 »

HomerJ wrote: Sat Nov 27, 2021 8:32 pm That was in stores. Like physically being there... online sales were larger and more spread out. "Black Friday" deals are Wednesday through Sunday these days.

Oh, and then "Cyber-Monday" which I don't think is really a thing anymore, since it's ALL "Cyber-Monday" nowadays.

Anyway, my wife bought plenty online, and heck, even Steam got some dollars from me (some of my wishlist video games dropped to like $5 a game from $29.99 or $17 from $49.99)
Whew. Bear market canceled. Thanks, HomerJ!
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Re: U.S. stocks in free fall

Post by HomerJ »

000 wrote: Sat Nov 27, 2021 8:38 pm
HomerJ wrote: Sat Nov 27, 2021 8:32 pm That was in stores. Like physically being there... online sales were larger and more spread out. "Black Friday" deals are Wednesday through Sunday these days.

Oh, and then "Cyber-Monday" which I don't think is really a thing anymore, since it's ALL "Cyber-Monday" nowadays.

Anyway, my wife bought plenty online, and heck, even Steam got some dollars from me (some of my wishlist video games dropped to like $5 a game from $29.99 or $17 from $49.99)
Whew. Bear market canceled. Thanks, HomerJ!
Just doing my part to stimulate the economy.... It's my patriotic duty, I was told years ago.
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Marseille07
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Re: U.S. stocks in free fall

Post by Marseille07 »

Thank you, I'm glad the headline mentioned by stocknoob4111 was exaggerated. I knew it didn't sound right.
000
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Re: U.S. stocks in free fall

Post by 000 »

Marseille07 wrote: Sat Nov 27, 2021 9:40 pm Thank you, I'm glad the headline mentioned by stocknoob4111 was exaggerated. I knew it didn't sound right.
Unleash the bulls! :greedy
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Re: U.S. stocks in free fall

Post by UpperNwGuy »

peskypesky wrote: Sat Nov 27, 2021 8:00 pm
stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
I was looking to buy things. Didn't see any real deals. Prices on the items I was interested in were no different than before Black Friday. They just tried to make it look like a sale by raising the MSRP.
I was not impressed by the Black Friday deals this year.
EnjoyIt
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Re: U.S. stocks in free fall

Post by EnjoyIt »

UpperNwGuy wrote: Sun Nov 28, 2021 2:11 am
peskypesky wrote: Sat Nov 27, 2021 8:00 pm
stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
I was looking to buy things. Didn't see any real deals. Prices on the items I was interested in were no different than before Black Friday. They just tried to make it look like a sale by raising the MSRP.
I was not impressed by the Black Friday deals this year.
Agreed, not a ton of deals this year. Especially on the more desirable electronics.
A time to EVALUATE your jitters: | viewtopic.php?p=1139732#p1139732
Robot Monster
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Re: U.S. stocks in free fall

Post by Robot Monster »

SuperTrooper87 wrote: Sat Nov 27, 2021 6:30 pm You should start a new thread. Post your portfolio and fears / feelings / goals and get some honest feedback. Might help calm the nerves or guide you towards a better approach.
I think the issue is with my aliefs, rather than my beliefs.
An alief is an automatic or habitual belief-like attitude, particularly one that is in tension with a person's explicit beliefs. For example, a person standing on a transparent balcony may believe that they are safe, but alieve that they are in danger.
link

Likewise, when stocks are falling, a person may believe "the downs are part of the long term upward trend" but alieve "ahhhhhhh, nooooo, look at all the money I just lost."

So, since it's a psychological issue, rather than an investing one, unsure if this is the appropriate forum.
Last edited by Robot Monster on Sun Nov 28, 2021 4:58 pm, edited 1 time in total.
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Re: U.S. stocks in free fall

Post by AnnetteLouisan »

I stayed the course in March 2020 and plan to do so now, including buying as per my IPS. Main thing is, everyone stay healthy!

:beer
Last edited by AnnetteLouisan on Sun Nov 28, 2021 9:10 am, edited 1 time in total.
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Re: U.S. stocks in free fall

Post by abuss368 »

AnnetteLouisan wrote: Sun Nov 28, 2021 9:03 am I stayed the course in March 2020 and plan to do so now, including buying as per my IPS.
Same here Annette. Backing up the truck this week.

Beat.
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Re: U.S. stocks in free fall

Post by lostdog »

stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
That was just foot traffic. Wait until they figure in the online sales.
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Re: U.S. stocks in free fall

Post by nedsaid »

Good to see this thread up again. Usually this means a rally is around the corner.
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Re: U.S. stocks in free fall

Post by LadyGeek »

I removed an interchange regarding the latest coronavirus variants. As a reminder, see: Please read before posting on coronavirus/COVID-19
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Re: U.S. stocks in free fall

Post by abuss368 »

stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
Would that include e-commerce sales or is that cyber-Monday?

🚀
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Re: U.S. stocks in free fall

Post by Bluemnatra »

abuss368 wrote: Sun Nov 28, 2021 10:33 am
stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
Would that include e-commerce sales or is that cyber-Monday?

🚀
Tony
I thought I read in-store traffic was down 30% not sales.
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Re: U.S. stocks in free fall

Post by peskypesky »

EnjoyIt wrote: Sun Nov 28, 2021 5:39 am
UpperNwGuy wrote: Sun Nov 28, 2021 2:11 am
peskypesky wrote: Sat Nov 27, 2021 8:00 pm
stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
I was looking to buy things. Didn't see any real deals. Prices on the items I was interested in were no different than before Black Friday. They just tried to make it look like a sale by raising the MSRP.
I was not impressed by the Black Friday deals this year.
Agreed, not a ton of deals this year. Especially on the more desirable electronics.
probably a result of supply chain issues and shortage of computer chips.
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peskypesky
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Re: U.S. stocks in free fall

Post by peskypesky »

nedsaid wrote: Sun Nov 28, 2021 9:17 am Good to see this thread up again. Usually this means a rally is around the corner.
I bloody hope so. :moneybag
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Re: U.S. stocks in free fall

Post by peskypesky »

AnnetteLouisan wrote: Sun Nov 28, 2021 9:03 am I stayed the course in March 2020 and plan to do so now, including buying as per my IPS. Main thing is, everyone stay healthy!

:beer
I didn't stay the course in March 2020. Quite the opposite. With covid raging through Europe, the oil market totally collapsed, and the stock market crashing...I was sure we were headed into a global depression that might last years.

Part of my pessimism resulted from the fact that I was at Harvard in February 2020, talking with some of the world's top virologists. One of them said that an epidemiologist colleague at Harvard had just produced a model that predicted 70%-75% of the human population would contract covid.

Obviously, at that time, there was no talk of a vaccine, or if there was, no hope that it would arrive so quickly.

I got back to Texas and had a discussion with my father, a retired heart surgeon. He was very pessimistic about covid and said he didn't think it would ever go away. He said it would be with humans forever, just like the cold and the flu.

So, as everything collapsed, I decided to lock in 25 years of stock profits, and I liquidated ALL of my stocks. I had no idea that the market would rebound so quickly. And obviously, I was kicking myself for having panicked. I eventually put all my chips back in since the market was showing no signs of slowing down.

I didn't lose any money...I sold my stocks in March 2020 at a lot higher price than I had paid for them...but I still missed out on several months of growth.

Lesson learned. This time, I'm doing the opposite. Buying stocks during the dip instead of selling.
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Re: U.S. stocks in free fall

Post by Yesterdaysnews »

One data point - We purchased a lot of stuff this Black Friday... but all on-line, didn't enter a single store. I expect Amazon will kill it this year. I purchased a brand new Sony OLED TV on Friday and it is delivered and setup in my bedroom today (Sunday).... great service. I believe the massive investment / expansion they did during COVID is going to pay big dividends.
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Re: U.S. stocks in free fall

Post by Triple digit golfer »

peskypesky wrote: Sun Nov 28, 2021 1:56 pm
AnnetteLouisan wrote: Sun Nov 28, 2021 9:03 am I stayed the course in March 2020 and plan to do so now, including buying as per my IPS. Main thing is, everyone stay healthy!

:beer
I didn't stay the course in March 2020. Quite the opposite. With covid raging through Europe, the oil market totally collapsed, and the stock market crashing...I was sure we were headed into a global depression that might last years.

Part of my pessimism resulted from the fact that I was at Harvard in February 2020, talking with some of the world's top virologists. One of them said that an epidemiologist colleague at Harvard had just produced a model that predicted 70%-75% of the human population would contract covid.

Obviously, at that time, there was no talk of a vaccine, or if there was, no hope that it would arrive so quickly.

I got back to Texas and had a discussion with my father, a retired heart surgeon. He was very pessimistic about covid and said he didn't think it would ever go away. He said it would be with humans forever, just like the cold and the flu.

So, as everything collapsed, I decided to lock in 25 years of stock profits, and I liquidated ALL of my stocks. I had no idea that the market would rebound so quickly. And obviously, I was kicking myself for having panicked. I eventually put all my chips back in since the market was showing no signs of slowing down.

I didn't lose any money...I sold my stocks in March 2020 at a lot higher price than I had paid for them...but I still missed out on several months of growth.

Lesson learned. This time, I'm doing the opposite. Buying stocks during the dip instead of selling.
Both people were right. A large percentage of the population contracted it and it isn't going away. Yet, as they always have, stock markets plugged along.

I still don't think you learned your lesson. You shouldn't buy or sell during dips unless you would have anyway. If your plan changes during a dip, you have a bad plan. Stay the course in all scenarios. Rebalance when you need to.
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Re: U.S. stocks in free fall

Post by CyclingDuo »

peskypesky wrote: Sun Nov 28, 2021 1:56 pm
AnnetteLouisan wrote: Sun Nov 28, 2021 9:03 am I stayed the course in March 2020 and plan to do so now, including buying as per my IPS. Main thing is, everyone stay healthy!

:beer
I didn't stay the course in March 2020. Quite the opposite. With covid raging through Europe, the oil market totally collapsed, and the stock market crashing...I was sure we were headed into a global depression that might last years.

Part of my pessimism resulted from the fact that I was at Harvard in February 2020, talking with some of the world's top virologists. One of them said that an epidemiologist colleague at Harvard had just produced a model that predicted 70%-75% of the human population would contract covid.

Obviously, at that time, there was no talk of a vaccine, or if there was, no hope that it would arrive so quickly.

I got back to Texas and had a discussion with my father, a retired heart surgeon. He was very pessimistic about covid and said he didn't think it would ever go away. He said it would be with humans forever, just like the cold and the flu.

So, as everything collapsed, I decided to lock in 25 years of stock profits, and I liquidated ALL of my stocks. I had no idea that the market would rebound so quickly. And obviously, I was kicking myself for having panicked. I eventually put all my chips back in since the market was showing no signs of slowing down.

I didn't lose any money...I sold my stocks in March 2020 at a lot higher price than I had paid for them...but I still missed out on several months of growth.

Lesson learned. This time, I'm doing the opposite. Buying stocks during the dip instead of selling.
Rest assured that you were not alone in the choices you made.

According to research done by Fidelity and LPL, 30.x% of all investors age 65 or older sold 100% of their equities. Overall, nearly 18% of investors (all ages) sold 100% of their equities during the Covid led 2020 capitulation between February and May of 2020.

Image
https://www.fa-mag.com/news/33--of-inve ... 56400.html
https://reversemortgagedaily.com/2020/0 ... s-in-2020/

I imagine there were a lot of investors who also took some form of capitulation that did not equal 100% of their equities, but included some percentage of their portfolios. That includes those who sold and then tip toed back in, those that sold some and have yet to tip toe back in, etc... . Throw in all of the great resignation form of capitulation via quitting jobs or careers, and it has indeed been a unique time to say the least.

I crudely updated the bottom row to encapsulate the market reaction from January - March 2020 on the initial Covid sell off:

Image

This graphic with data from Schwab from a February CNBC article helped calm me at the time as it included some prior market reactions since 1981 to disease outbreaks (all that my wife and I have lived through and invested through over the decades)...

Image
https://www.cnbc.com/2020/02/24/past-di ... virus.html

Gut wrenching as the uncertainty and market drop intensified, I know we each personally had to combat our emotions and choices based on our individual circumstances. Point being, peskypesky - don't beat yourself up. I imagine we all could relate various lessons learned throughout our investing decades. Of even failed attempts at sticking to those lessons learned.

We could study the Delta variant and the market reaction to it, in particular, as well. Do we subdivide each and every variant that comes along as a new market event and track it, or just lump everything under Coronavirus? Time will tell.

[OT comments removed by admin LadyGeek]

I'm going for a bike ride... :beer

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Re: U.S. stocks in free fall

Post by LadyGeek »

I removed an epidemiology comment related to a coronavirus variant. As a reminder, see: Please read before posting on coronavirus/COVID-19
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Re: U.S. stocks in free fall

Post by Stinky »

000 wrote: Fri Nov 26, 2021 5:12 pm Predictions for Monday? :twisted:
Futures are up.

Go figure.
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Re: U.S. stocks in free fall

Post by HanSolo »

lostdog wrote: Sun Nov 28, 2021 9:14 am
stocknoob4111 wrote: Sat Nov 27, 2021 7:41 pm
rockstar wrote: Sat Nov 27, 2021 7:15 pm Depends how much people bought for black Friday. I picked up the Vizio Elevate Soundbar.
Black Friday sales were 30% down, per CNBC today.. that can't be positive
That was just foot traffic. Wait until they figure in the online sales.
I saw on the news, there's some segment of foot traffic that increased: gangs swiping merchandise and running off with it. I wonder if those losses will be included in the overall holiday sales figures.
peskypesky wrote: Sun Nov 28, 2021 1:56 pm Lesson learned. This time, I'm doing the opposite. Buying stocks during the dip instead of selling.
A lot of people learned that lesson and have the same plan. That can limit the depth of the dip.
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Re: U.S. stocks in free fall

Post by 000 »

Stinky wrote: Sun Nov 28, 2021 5:30 pm
000 wrote: Fri Nov 26, 2021 5:12 pm Predictions for Monday? :twisted:
Futures are up.

Go figure.
Let's see how Monday plays out but it may be another case of the forum as a great contrary indicator. :P :twisted:
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Re: U.S. stocks in free fall

Post by Jaymover »

Blink and you miss the dip it seems
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Re: U.S. stocks in free fall

Post by Ed 2 »

Jaymover wrote: Sun Nov 28, 2021 8:21 pm Blink and you miss the dip it seems
Dip was on Friday Lol. Never listen to “geniuses “
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Re: U.S. stocks in free fall

Post by Stinky »

25,000th post in this thread.

And counting.
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